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200702331 4 Mortgage and Note secured hereby, nor relieve the mortgagor from making regular monthly payments commencing on the first day of the first month following the date of receipt of the award. The Mortgagee is hereby authorized in the name of the mortgagor to execute and deliver valid acquittances for such awards and to appeal from such awards; 9. That the Mortgagor, together with and in addition to the monthly payments under the terms of the Note secured hereby, will pay to the Mortgagee monthly, beginning on the first day of the first month after the date hereof and of each month thereafter until the said Note is fully paid, the following sums: a. An amount sufficient to provide the Mortgagee with funds to pay the next mortgage insurance premium if this instrument and the Note secured hereby are insured, or a monthly service charge, ifthey are held by the Secretary of Housing and Urban Development, as follows: (1) If and so long as said Note of even date and this instrument are insured or are reinsured under the provisions of the National Housing Act, an amount sufficient to accumulate in the hands of the Mortgagee one month prior to its due date the amount mortgage insurance premium, in order to provide such Mortgagee with funds to pay such premium so the Federal Housing Commissioner pursuant to the National Housing Act, as amended, and applicable Regulation thereunder, or (II) If and so said Note of even date and this instrument are held by the Secretary of Housing and Urban Development, a monthly service charge in an amount equal to 1/12 of 1/2% of the average outstanding principal balance due on the Note computed for each successive year beginning with the first day of the month following the date of this instrument, if the Secretary of Housing and Urban Development is the Mortgagee (Beneficiary) named herein, or the first day of the month following assignment, if the Note and this instrument are assigned to the Secretary of Housing and Urban Development, without taking into account delinquencies or prepayment. b. A sum equal to the ground rents, if any, next due, plus the premiums that will next become due and payable on policies of fire and other insurance covering the premises covered hereby, plus water rates, taxes and assessments next due on the premises covered hereby (all as estimated by the Mortgagee) less all sums already paid therefore divided by the number of months to elapse before one month prior to the date when such ground rents, premiums, water rates, taxes and assessments will become delinquent, such sums to be held by Mortgagee in trust to pay said ground rents, premiums, water rates, taxes and special assessments. c. All payments mentioned in the two preceding subsections of this paragraph and all payments to be made under the Note secured hereby shall be added together and the aggregate amount thereof shall be paid each month in a single payment to be applied by Mortgagee to the following items in the order set forth: (I) premises charges under the Contract of Insurance with the Secretary of Housing and Urban Development, acting by and through the Federal Housing Commissioner or service charge; (II) ground rents, taxes, special assessments, water rates, fire and other insurance premIUms; (III) interest on the Note secured hereby; (IV) amortization of the principal of said Note; 10. In the event the Mortgagor fails to pay any sums provided for in this Mortgage, the Mortgagee, at its option, may pay the same. Any excess funds accumulated under b. of the preceding paragraph remaining after payment of the items therein mentioned, shall be credited to subsequent monthly Rental - Rider to Mort Restr Mtg 09-15-04